ConocoPhillips Company News

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Analysis Shows Oil and Gas Execs Using More Environmental Buzzwords
The world's biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.
8:00 PM EST | July 19, 2021
Venezuela Oil Minister Sees USA Producers Rushing Back to His Country
Venezeula's oil minister claims something magical is about to happen.
8:00 PM EST | June 20, 2021
Will Chevron Divest Canada Oil Sands Asset?
If it decides to sell, Chevron would follow the path of peers such as Shell and ConocoPhillips.
8:00 PM EST | June 02, 2021
Shell Court Decision Emboldens Climate Lawyers
Analyst says the case probably will not affect USA courts, though.
8:00 PM EST | May 26, 2021
Biden Admin Sides with Trump Admin on ConocoPhillips Project
The Justice Department is defending the Trump administration's approval of a massive ConocoPhillips Alaska Inc. project in federal court.
8:00 PM EST | May 26, 2021
ConocoPhillips Plans 25% Debt Reduction
The plan would essentially bring COP's debt pile back to the pre-Concho acquisition level.
8:00 PM EST | May 03, 2021
Refiners Prep for Summer Driving Season
Here is a preview of what to watch this this week in the oil and gas markets.
8:00 PM EST | April 04, 2021
Are Foreign Oil Firms About to Return to Venezuela?
Maduro claims "Venezuela's doors are open for oil investment."
8:00 PM EST | March 18, 2021
How Can Smaller E&Ps Navigate the Biden Leasing Ban?
Several informed market-watchers comment on challenges and opportunities for smaller operators.
7:00 PM EST | March 09, 2021
What Could the Biden Order Mean for the Permian and State Waters?
Informed observers offer insights on how changes in federal oil and gas leasing could affect activity in the Permian Basin, state waters, and elsewhere.
7:00 PM EST | March 08, 2021
Biden Keystone XL Snub Props Up Crude-by-Rail
Oil exports by rail from Canada have more than tripled since July.
7:00 PM EST | February 23, 2021
Court Blocks ConocoPhillips Alaska Project Construction
The decision means continued delays during the already brief seasonal construction window in the harsh climate of northern Alaska.
7:00 PM EST | February 14, 2021
Majors Get Credit Ratings Downgrades
Have a look back at oil and gas market hits and misses for the week ending Feb. 12, 2021.
7:00 PM EST | February 11, 2021
Office Vacancies Surge in Energy Capital
Houston ended last year with a 24% office-vacancy rate, the highest of any major US city, according to Jones Lang LaSalle Inc.
7:00 PM EST | February 02, 2021
ExxonMobil Reports First Annual Loss in Decades
Exxon isn't alone in facing serious challenges even as commodities are on a tear.
7:00 PM EST | February 01, 2021
ConocoPhillips Acquires Concho
Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips
7:00 PM EST | January 17, 2021
Odfjell Drilling Signs Equinor Contracts for At Least 27 Wells
Odfjell Drilling has signed final rig contracts for a pair of previously announced Equinor drilling campaigns.
7:00 PM EST | November 23, 2020
ConocoPhillips Hits Gas Pay in Norwegian Sea
ConocoPhillips has reported a new gas condensate discovery offshore Norway.
7:00 PM EST | November 11, 2020
Permian Drilling Rights Price Falls Nearly 70%
The price to drill an acre of land in the biggest US shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.
7:00 PM EST | November 11, 2020
Oxy Pivots to Net Zero Path
Occidental Petroleum Corp. became the first major US oil producer to aim for net zero emissions from everything it extracts and sells.
7:00 PM EST | November 10, 2020
Wall Street Enthusiasm for Green Energy Fades
Wall Street's confidence that the US election would spark a clean-energy revolution dimmed after Republicans appeared set to retain control of the Senate.
7:00 PM EST | November 04, 2020
Democrat Seeking Texas RRC Post Gets Fundraising Boost
Texas hasn't placed a Democrat on the state's Railroad Commission for 26 years
7:00 PM EST | November 01, 2020
Will Bigger Be Better for Oil and Gas Players?
Check out Rigzone's review of oil and gas market hits and misses for the week ending Oct. 30, 2020.
8:00 PM EST | October 29, 2020
Modest Deals Reflect Slide for US Shale
There is no more dramatic sign of the US shale industry's fall from grace than one of the best in the business being sold off for less than a third of its peak value.
8:00 PM EST | October 19, 2020
Another Permian Operator Sale May Be Underway
Pioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.
8:00 PM EST | October 19, 2020
OPEC+ Kingpins Try to Sell Obedience
Rigzone panelists offer their views on what to watch in the oil and gas markets this week.
8:00 PM EST | October 18, 2020
ConocoPhillips to Acquire Permian Operator in $9.7B Deal
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock.
8:00 PM EST | October 18, 2020
Odfjell Drilling Wins Contract for 15 Wells
Equinor has contracted an Odfjell Drilling semisub for the Breidablikk project in the North Sea. PHOTO SOURCE: Equinor
8:00 PM EST | October 05, 2020
ConocoPhillips Adds Goldman Sachs Alum to Board
ConocoPhillips reported Tuesday that Eric Mullins has been appointed to the company's board of directors.
8:00 PM EST | September 09, 2020
Oilfield Fraud Lawsuit Ensnares $100MM CEO
In their lawsuit, investors allege Anadarko executives kept repeating rosy expectations about Shenandoah long enough to profit from them.
8:00 PM EST | September 08, 2020
Biden VP Pick Has Record of Fighting Oil Industry
As California attorney general, Harris filed lawsuits against Phillips 66, ConocoPhillips and others.
8:00 PM EST | August 11, 2020
ConocoPhillips to Add Canada Acreage in $375MM Deal
ConocoPhillips has agreed to acquire acreage in the Montney formation in Western Canada from Kelt Exploration Ltd.
8:00 PM EST | July 22, 2020
Oil Demand Could Get Boost from Metals Surge
Check out this review of oil market hits and misses for the week ending July 10, 2020.
8:00 PM EST | July 09, 2020
$40 Could Be Magic Number for Some Oil Players
Here is a preview of issues to watch this week in the oil and gas markets.
8:00 PM EST | July 05, 2020
Agile but Slow US Shale Recovery Likely
Firmer oil prices have resulted in companies bringing back some wells they shut over April and May. However, the recovery road could be a long one this time around.
8:00 PM EST | June 30, 2020
Energy CEOs Drop Climate Change Talk to Stress Survival
"What's been front and center has been the extreme volatility and carnage that's occurred in the energy sector," said one energy analyst.
8:00 PM EST | June 30, 2020
ConocoPhillips to Ramp Up Oil Production
ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths.
8:00 PM EST | June 29, 2020
3D Oil Completes Farmout to ConocoPhillips Australia
ConocoPhillips may drill an exploration well in which it will carry up to the first $30 million of costs.
8:00 PM EST | June 11, 2020
ConocoPhillips CEO Sees Shale Comeback
US shale development is dramatically less robust than it used to be, but ConocoPhillips CEO Ryan Lance is not ready to declare the shale era over.
8:00 PM EST | June 09, 2020
Oil and Gas Blockchain Group Claims Milestone
The Offshore Operators Committee Oil and Gas Blockchain Consortium reportedly has achieved an industrywide first.
8:00 PM EST | June 07, 2020
ConocoPhillips Sells Australia-West Assets, Ops to Santos for $1.3B
Due to market volatility and deferring Barossa FID, the companies agreed to lower the initial upfront payment.
8:00 PM EST | May 28, 2020
CNOOC's Latest Penglai Phase Starts Production
A new wellhead platform has been built, with 47 wells planned in total.
8:00 PM EST | May 25, 2020
ConocoPhillips CFO to Retire
William L. Bullock Jr. will assume the role of executive vice president and CFO on Sept. 1.
8:00 PM EST | May 20, 2020
Permian Drillers Slash Output Themselves
On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts.
8:00 PM EST | May 03, 2020
ConocoPhillips Unveils Curtailment Plans
The company has cut 2020 cash uses by more than $5B within the past month.
8:00 PM EST | April 16, 2020
ConocoPhillips Cuts Capex by $700MM
The capex cuts represent a 10-percent reduction from previous guidance.
8:00 PM EST | March 18, 2020
ConocoPhillips Divests Niobara and Permian Assets
ConocoPhillips has completed two transactions to sell its Niobara and Waddell Ranch assets.
7:00 PM EST | March 05, 2020
ConocoPhillips Awards Barossa Contracts to NOV and Aker
The Barossa field development will extend the Darwin LNG export facility's service life.
7:00 PM EST | March 03, 2020
Fluor and Anadarko Vets Join ConocoPhillips Board
ConocoPhillips reported that its board of directors has elected David T. Seaton and Al Walker to serve as board members.
7:00 PM EST | March 03, 2020
ConocoPhillips Extends Bristow Contracts
This photo shows a Bristow S-92 aircraft on the ramp at ConocoPhillips' Ekofisk platform in the North Sea. PHOTO SOURCE: Bristow Group, Inc.
7:00 PM EST | February 11, 2020